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GWEI, also known as a Gwei, is a unit of measurement for gas on the Ethereum network. Gas is the internal pricing for running a transaction or contract on the Ethereum blockchain, and is measured in units of GWEI.

The term “GWEI” is a combination of the words “giga” and “wei”, where “giga” is a unit prefix meaning “billion” and “wei” is the smallest denomination of Ether, the native cryptocurrency of the Ethereum network. In other words, a GWEI is equal to one billion wei, which is a very small unit of measurement.

In general, the cost of gas on the Ethereum network is denoted in GWEI per unit of gas. For example, if the cost of gas is 10 GWEI per unit, this means that executing a transaction or smart contract on the Ethereum network would cost 10 GWEI.

It is worth noting that the cost of gas on the Ethereum network can vary depending on a number of factors, including the complexity of the transaction or contract being executed and the overall demand for gas on the network. As such, the cost of gas in GWEI can fluctuate over time.

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